Global Bamboo Furniture Market By Type (Chairs, Stools, Beds, Others), End- User (Residential, Commercial), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Bamboo Furniture Market
Global bamboo furniture market is set to witness a substantial CAGR of 5.27% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing investment in infrastructure development and rising awareness about the advantages of bamboo is the factor for the market growth.
Market Definition: Global Bamboo Furniture Market
Bamboo furniture is that furniture which is made using the bamboo. This furniture can be beds, chair, tables, stools, and other. The bamboo furniture has good durability and is also environmental friendly in nature. They are harder as compared to the oak. The furniture which is made using bamboo is usually available in two colors such as light color of maple and amber shade in wood. They also don’t get shrink in moist or dry environment.
- Growing demand of bamboo furniture from hotels and offices is expected to drive market growth
- Increasing popularity of environment friendly products will also accelerate the demand of the market
- Rising real estate construction which is usually initiated by government acts as a driving factor
- Growing number of eateries, clubs, and bars worldwide will also boost this market growth
- Bamboo furniture can be cracked easily; this factor will restrain the market growth
- They are easily prone to insects which will also hamper the market growth
Segmentation: Global Bamboo Furniture Market
By End- User
- North America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In September 2018, Deputy Chief Minister Chowna Mein announced the launch of their new mobile application Bamtech which is specially designed for bamboo housing and contruction. This new app contains details about the use of bamboo for housing, construction, making of furniture and manufacturing of quality products. This application will be very beneficial for artisans, entrepreneurs, and local youths
- In February 2019, Century Furniture announced the acquisition of Curate home collection. This acquisition will help the company to strengthen their market position. By integrating the Curate home collection products in their portfolio they will be able to enhance their product offering and will be able to cater better products to their customers
Global bamboo furniture market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bamboo furniture market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global bamboo furniture market are Greenington LLC; MOSO; Utsav Handicraft; Luit Nirman; S. Senniah Gowder; caneocane.in; ,jiangxi kang ti long bamboo industry co.,ltd; Zhejiang Tianzhen Bamboo & Wood Development Co., Ltd.; Gek Guan Enterprise Sdn Bhd; Reforest Design; July Bambu Co. Ltd.; among others.
Research Methodology: Global Bamboo Furniture Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure